Germany Specialty Silica Market Size & Outlook, 2019-2027
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Germany specialty silica market highlights
- The Germany specialty silica market generated a revenue of USD 306.3 million in 2019 and is expected to reach USD 497.6 million by 2027.
- The Germany market is expected to grow at a CAGR of 6.3% from 2020 to 2027.
- In terms of segment, precipitated silica was the largest revenue generating product in 2019.
- Fused Silica is the most lucrative product segment registering the fastest growth during the forecast period.
Specialty silica market data book summary
| Market revenue in 2019 | USD 306.3 million |
| Market revenue in 2027 | USD 497.6 million |
| Growth rate | 6.3% (CAGR from 2020 to 2027) |
| Largest segment | Precipitated silica |
| Fastest growing segment | Fused Silica |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, Colloidal Silica |
| Key market players worldwide | Elkem ASA Ordinary Shares, Evonik Industries AG, Nouryon, PPG Industries Inc, Tosoh Corp, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Germany accounted for 5.0% of the global specialty silica market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Europe, Germany specialty silica market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 497.6 million by 2027.
Precipitated silica was the largest segment with a revenue share of 35.62% in 2019. Horizon Databook has segmented the Germany specialty silica market based on precipitated silica, fumed silica, fused silica, silica gel, colloidal silica covering the revenue growth of each sub-segment from 2016 to 2027.
The growth of the specialty silica market in Germany can be attributed to the shift in trend toward the deployment of eco-friendly coatings in construction industry and rising health concerns in food industry. Germany is a leading producer of passenger cars, trucks, vans, and buses.
According to the Deutsche Bank AG report, as of January 2019, automotive sector in the country has raised its capital spending at particularly strong clip by 4.4% per year since 1995. Thus, the established automotive industry in the country is expected to have a positive influence on specialty silica demand in rubber application segment.
Residential construction sector in the country has witnessed strong growth owing to low interest rates, rising per capita income, and a growing inflow of migrant population. Furthermore, the provision of special tax incentives for investors who build flats in urban areas is also expected to bolster the residential construction activities in the country.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Nouryon | View profile | - | - | |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Germany specialty silica market size, by product, 2016-2027 (US$M)
Germany Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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